Hyundai Heavy Industries plunges by record on $1.2b sale plan

Hyundai Heavy Industries plunges by record on $1.2b sale plan

A ship sits under construction in a dry dock at the Hyundai Heavy Industries Co. shipyard in Ulsan, South Korea, on Sunday, April 23, 2017. Photographer: SeongJoon Cho/Bloomberg

Hyundai Heavy Industries Co., the world’s second-biggest shipbuilder, fell by a record following its plan to raise about 1.29 trillion won ($1.2 billion) selling new shares for working capital.

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